Restrictions, giving us clues as to how consumers may react durables down 14 june wti holding at 17 as energy is the only positive sector for the week a lot of discussion about 2,800, are we range bound where is the ceiling now markets giving all kinds of important clues. A lot of analysts, we follow them for a long time they wait and wait until theres a moment where they can go negative theres enough companies that have done well, i have every piece of research in front of me i dont have an upgrade. I have downgrade, downgrade, downgrade. Because the stocks have run, it gives these analysts a chance to say, uh, im so lucky. It went from 29,000 down to 18 it bounced back, and now i can get off and not look bad and thats the whole tone of this morning i find it curious. I think that in general the companies have done a pretty good job just they like to pull their forecast because who the heck knows. If dr. Gottlieb doesnt know what will happen, why should he expect these guys to know wh
[applause] [inaudible] [inaudible] [applause] thank you everybody i just want to tell you what happened to me and how i broke my leg. So i was sideswiped im very lucky to be here at all. So now i will tell you a story about the civil war so im speaking about it but to have the least impact. I just want to tell you a little bit before i get to the georgia part of the story. The people believe that cancer should be a free state and theyre willing to organize themselves and take up arms and then with those operations in the north and in the west to be a radical meant in the 18 fifties. They were coming to a number of people in radical fashion as conspirators not only those that became famous to have the other side and Harpers Ferry and to be a radical meant to lean into that idea and to be in favor of a hard war but would demand so much of the nation. And so for the radical republicans the good doctor sometimes it is better but the only way as we would address these fundamental issues. To
Are in the markets for the second day in a row, weve had a nice rally in the open thats faded as we go into the close. This is part of that fading on the optimism of the reopening story here so banks have been weaker, retailers generally have been weaker, but still up fractionally, because the big five, the mega cap tech stocks are on the upside. We were talking about guidance, and once again, a number of the companies today pulled their guidance papa johns, mattel, office depot, genuine parts company, equity residential, Waste Management they join 170 other companies, that is one third of the ap 500 that has declined to give guidance and this is one of the reasons were seeing so much stock volatility how do you figure out what the right prices and multiples are when you dont have any idea what the earnings situation is going to be like we also have problems with dividends. Many companies are cutting their dividends as well, or even eliminating them altogether. Morgan stanley put toget
When we reopen, that is the time to stimulate. How do you see the policy effort changing in the months to come, adapting, larry . Larry i am not here to negotiate, but i will simply say this. Had a set ofmp has policies that worked very well before this pandemic. The first three years plus. Indeed, in january and february the economy was growing at 3 or better. I think that he wants to extend a lot of the ideas. He wants to be a Free Enterprise economy. He wants to reward people for their success and their initiative and their efforts. He has talked about from time to time, talked and tweeted about payroll tax holidays, he has talked about Capital Gains taxes. He has talked about tourism, restaurants, traveling deductions that might work. We have talked about capital and business expensing. There have been covid related adjustments, whether you are a large factory in detroit or a small town in the heartland a restaurant in the small town in the heartland. All of that, every nickel of t
The 18th century converging with the 20th century, we can be hightech about this. I feel much the same as does my wife because i have been a long time reenactor, you can see me dressed as an officer in the army. I battled three times in sweltering heat like today, and there i am speaking twice for the Alexander Hamilton awareness society. You can also say he was helping to found american industry. Were just west of paterson falls where he worked with that, of course. Washington crosses the delaware, a famous scene on christmas night into the morning of the 26th. A large life side paintize pain. Here is one that came out and debuted at the New York Historical society. You can see it was at nighttime, a different kind of craft, a cannon, maybe hamiltons. Not good weather. Similarly, another painter who is now retired, this is another painting, victory or death. ; and there they are, in the Early Morning light, trudging through the ice and the snow. You can imagine how cold they must ha